"Knoxville's textile and manufacturing industries largely fell victim to foreign competition in the 1950s and 1960s, and after the establishment of the Interstate Highway system in the 1960s, the railroad—which had been largely responsible for Knoxville's industrial growth—began to decline. The rise of suburban shopping malls in the 1970s drew retail revenues away from Knoxville's Downtown area. While government jobs and economic diversification prevented widespread unemployment in Knoxville, the city sought to recover the massive loss of revenue by..."
I thought this was interesting and found it while researching the Detroit bankruptcy situation.
I thought this was interesting and found it while researching the Detroit bankruptcy situation.
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